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Chevron's Share Price Looks Most Compelling

Posted on September 03, 2008

Chevron Corp. (CVX) stock continues to drop in conjunction with the deflating of the oil and commodities bubbles. The stock was off another two plus percent in Wednesday s trading and is almost twenty percent below its annual high reached last spring. CVX became attractive to us as value managers as the stock sold off throughout the course of the summer. As the sell-off intensified, its valuation became more and more appealing to Ockham Research.Chevron is the fourth largest oil company in the world based on proven reserves, has impeccable financial strength, has been buying back its own sha...

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oil , trading